CAPM Practice Test 31 Questions with Verified AnswersSIN, Exams of Business Economics

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CAPM Practice Test 31 Questions with Verified Answers

What is OPM3 - CORRECT ANSWER A PMI model designed to help organizations determine their level of maturity in project management (Organizational Project Management Maturity Model) Management by Obectives - CORRECT ANSWER process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement. Employee and supervisor meet to discuss the objectives of the employee over the next review period. At the end of the review period the performance of the employee is reviewed relative to the objectives and adjustments are made. During the full life cycle of the project, a plot of the project's expected expenditures will usually follow a characteristic s curve, indicating that: - CORRECT ANSWER The bulk of the project's budget will be spent in the execution phase. At the beginning of execution the rate of the expenditures rises as people and materials are brought into the project then peak and slow. By the end of the execution phase expenditures are approaching a minimum. Concept Phase - CORRECT ANSWER The Project phase where you expect to have the greatest influence on the overall project cost. Requirement - CORRECT ANSWER quantified and documented needs of stakeholders, expectations of customer, expectations of sponsor TQM (Total Quality Management) - CORRECT ANSWER a management philosophy that focuses on satisfying customers through empowering employees to be an active part of continuous quality improvement Management Info Systems (MIS) - CORRECT ANSWER software that an enterprise uses to support business and administrative operations

operational planning - CORRECT ANSWER very specific, short-term planning that applies tactical plans to daily, weekly, and monthly operations What are the different types of costs in MS project? - CORRECT ANSWER fixed cost, cost per use, standard cost, overtime cost T/F: A characteristic of a project includes that it is managed in accordance with the PMBOK guidelines - CORRECT ANSWER FALSE. Characteristics include: definite beginning and end, produces a unique deliverable, temporary. program management - CORRECT ANSWER a group of related projects that are managed in a coordinated way that usually includes an element of ongoing activity project constraints can be on: - CORRECT ANSWER cost, resource, schedule What can a PMO do? - CORRECT ANSWER support project managers by coaching and mentoring terminate projects if required to keep business objectives consistent act as an internal stakeholder PMO - CORRECT ANSWER organizational body or entity assigned with various responsibilities related to the centralized and coordinated management of those projects under its domain Projects can intersect with operations at which stages of the project life cycle? - CORRECT ANSWER when developing a new product or service, at each closeout phase, at each executing phase What are enterprise environmental factors? - CORRECT ANSWER stakeholder - CORRECT ANSWER anyone who is involved in or may be affected by the activities or anyone who has something to gain or lose by the activity of the project

Large projects are sometimes divided into smaller, more manageable components known as? - CORRECT ANSWER sub projects program manager - CORRECT ANSWER a manager who manages a group of related projects What is the last activity that occurs under the closing phase? - CORRECT ANSWER customer satisfaction survey In the PMBOK, all of the PM processes are broken down into: - CORRECT ANSWER inputs and outputs & tools and technologies Which phases does a stakeholder have the greatest influence over a project? - CORRECT ANSWER initiation and planning Should a PM support making changes during execution? - CORRECT ANSWER Only when they are warranted and inline with the strategic goals of the prganization Conducting lessons learned is a critical part of which phase? - CORRECT ANSWER Closing What are processes in the planning process group? - CORRECT ANSWER collect requirements, develop a schedule, perform qualitative risk analysis The change management plan should be included in which of the following? - CORRECT ANSWER the PM plan project initiator - CORRECT ANSWER person or organization that has the ability and authority to start the project who does the project integration - CORRECT ANSWER project team what is project integration? - CORRECT ANSWER When is a project plan developed? - CORRECT ANSWER After all of the required resources come on board with the project

What doe a project charter do? - CORRECT ANSWER authorizes a project and names the mn